About Professional Services
Professional services firms have a higher duty of care toward their clients and are exposed to greater risks associated with their work. Laws, regulations, and standards are constantly updated putting more pressure on professional firms especially when expanding services to new jurisdictions. Lawsuits from customers or other parties financially harmed by the performance of (or failure to deliver) services are the most significate threat to Professional service industry.
What is insurance for Professional service Companies?
Professional services insurance is a type of coverage that aims to safeguard businesses, their owners and their employees against the various risks that may arise during the normal course of operations. Professional indemnity is a critical policy for professional service provides and is compulsory for certain industries like accountants, architects, engineers, lawyers insurance intermediaries and doctors.
Other professionals are required to have Professional indemnity insurance as part of a contractual obligation to enter into certain types of professional agreement or contacts whilst many choose this cover because of the financial protection and security it provides.
Risks faced by the Professional Services sector:
• Errors & Omissions
• Directors & Officers exposure
• Date security and Privacy
• Electronic funds transfer fraud
• Employee infidelity
Professional services insurance is a type of coverage that aims to safeguard businesses, their owners and their employees against the various risks that may arise during the normal course of operations. Professional indemnity is a critical policy for professional service provides and is compulsory for certain industries like accountants, architects, engineers, lawyers insurance intermediaries and doctors.
Other professionals are required to have Professional indemnity insurance as part of a contractual obligation to enter into certain types of professional agreement or contacts whilst many choose this cover because of the financial protection and security it provides.
Risks faced by the Professional Services sector:
• Errors & Omissions
• Directors & Officers exposure
• Date security and Privacy
• Electronic funds transfer fraud
• Employee infidelity
Professions we work with:
• Lawyers
• Accountants
• Corporate Service Providers
• Architects & Engineers
• Management Consultants
• Environmental Consultants
• HR Consultants
• Recruiters
• Surveyors
Insurance solutions
• Professional Indemnity Insurance (PII)
• Directors & Officers Liability
• Cyber Insurance
• Crime Insurance
• Office Insurance
• Employers Liability Public Liability
• Lawyers
• Accountants
• Corporate Service Providers
• Architects & Engineers
• Management Consultants
• Environmental Consultants
• HR Consultants
• Recruiters
• Surveyors
Insurance solutions
• Professional Indemnity Insurance (PII)
• Directors & Officers Liability
• Cyber Insurance
• Crime Insurance
• Office Insurance
• Employers Liability Public Liability
